1/ Trade data include wheat flour in wheat grain equivalent. For the EU semolina is also included.

2/ Argentina (Dec./Nov.) for rye, barley and oats, (March/February) for maize and sorghum; Australia (November/October) for rye, barley and oats, (March/February) for maize and sorghum; Canada (August/July); EU (July/June); United States (June/May) for rye, barley and oats, (September/August) for maize and sorghum.

3/ Rice trade data refer to the calendar year of the second year shown.

4/ Including Taiwan province.

5/ Excluding trade between the EU member countries. Up to 2003/04 15 member countries, from 2004/05 25 member countries.

Source: FAO Note: Based on official and unofficial estimates. Totals computed from unrounded data.

1/ Stock data are based on an aggregate of carryovers at the end of national crop years and do not represent world stock levels at any point in time.

2/ The major wheat and coarse grains exporters are Argentina, Australia, Canada, the EU and the United States. The major rice exporters are China (including Taiwan Province), Pakistan, Thailand, the United States and Viet Nam. See Table A.4 for country details.

3/ Including Taiwan Province.

4/ Up to 2003/04 15 member countries, from 2004/05 25 member countries.

5/ From 2004/05 included in EU 25.

Table A.6 – SELECTED EXPORT PRICES OF CEREALS AND SOYBEANS

Wheat

Maize

Sorghum

Soybeans

U.S. No.2 HardRed Winter Ord.Prot. 1/

U.S. Soft RedWinter No.21/

ArgentinaTrigo Pan2/

U.S. No.2Yellow1/

Argentina2/

U.S. No.2Yellow1/

U.S. No.2Yellow1/

(US$/tonne)

July/June

1999/2000

112

97

112

91

90

89

190

2000/2001

128

101

124

86

84

93

184

2001/2002

127

113

119

90

89

95

182

2002/2003

161

138

145

107

102

112

222

2003 - May

147

131

157

108

104

103

242

November

165

159

165

107

110

120

294

December

174

159

162

112

116

121

297

2004 - January

170

157

160

116

114

124

316

February

165

157

150

122

113

126

328

March

171

158

153

129

110

132

374

April

172

158

159

133

121

131

371

May I

176

162

161

135

123

134

390

II

166

147

158

128

117

124

394

III

161

144

156

126

114

121

340

IV

164

148

154

132

118

125

343

Sources: International Grain Council and USDA.

1/ Delivered U.S. Gulf ports. 2/ Up River f.o.b.

Table A.7 – SELECTED WHEAT AND MAIZE PRICE INDICES

Wheat 1/

Maize 2/

(1997/98-1999/00=100)

(1997/98-1999/00=100)

1999/2000

93

92

2000/2001

97

87

2001/2002

99

91

2002/2003

121

108

2003 - May

110

109

November

123

108

December

123

113

2004 – January

124

117

February

124

123

March

125

130

April

127

134

May

129

131

Sources: FAO, International Grain Council, USDA

1/ The wheat price index has been constructed based on the IGC wheat price index, rebased to

July/June 1997/98-1999/00 = 100. The IGC wheat price index is composed of a simple average of

following price quotations, converted to an index, with base July/December 1986 = 1000:

1. Australian Standard White, fob Eastern States - second position quoted

Sources: FAO for indices. Rice prices: Jackson Son & Co. (London) Ltd. and other public sources.

Note: The FAO Rice Price Index is based on 16 rice export quotations. 'Quality' is defined by the precentage of broken kernels, with high (low) quality referring to rice with less (equal to or more) than 20 percent brokens. The Sub-Index for Aromatic Rice follows movements in prices of Basmati and Fragrant rice.

Note: The FAO indices are calculated using the Laspeyres formula; the weights used are the average export values of each commodity for the 1990-92 period. The indices are based on the international prices of five selected seeds, ten selected oils and fats and seven selected cakes and meals.